A Prohibitionist Walks Into A Bar

                                                           

There's an old joke about a Prohibitionist minister walking into a roadside dive bar to inspect the place for sin. On the way out an hour or so later, he's asked for his evaluation. "It's a very bad place, this bar," he says.      November 01, 2021   Today's Top Stories From the Breitbart News Desk There's an old joke about a Prohibitionist minister walking into a roadside dive bar to inspect the place for sin. On the way out an hour or so later, he's asked for his evaluation. "It's a very bad place, this bar," he says. "People are constantly drinking and dancing, and the bartenders have watered down even the best whiskey," he replied. President Joe Biden's trip to Glasgow for the United Nation's climate conference brought that to mind. With the price of oil pushing $85 a barrel and the price of gasoline hitting the highest level in seven years, Biden found himself in the awkward position of publicly pleading for more fossil fuel production at a global summit about reducing carbon emissions. "I think, though, that if anybody thinks about it, no one ever thought that tomorrow — for example, it's going to take us between now and 2030 to have half the vehicles in America electric vehicles. So, the idea we're not going to need gasoline for automobiles is just not realistic. But we will get to the point that, by 2050, we have zero emissions," Biden said, explaining the tension. Of course, there's very little reason for Saudi Arabia, Russia, or the rest of the OPEC cartel to ramp up production to aid Biden's political standing or the U.S. economy. They can hear the president's message just as well as anyone. And the message is a dagger aimed at the national wealth of the Saudis, Russians, and their fellow fossil fuel producers. Biden's words—"the idea that we're not going to need gasoline for automobiles is just not realistic. But we will get to that point"—is a promise to try to put those countries out of business. And not just those countries. It's a threat to U.S. producers as well, which may explain why the surge in oil prices is not apparently leading to a surge in investment. Add to that the $100 billion in taxes the Biden administration reportedly plans to put on oil and natural gas companies, and you have a pretty big disincentive to put more money into those activities. This means we are likely going to be dealing with high energy prices through the winter, at least. AAA said Monday that pump prices will likely keep climbing so long as oil remains above $80. No wonder Biden's job approval is tanking along with the number of Americans who tell pollsters we have a good economy. – Alex Marlow & John Carney Breitbart News Network     TOP STORY   WATCH: Biden Admits 'Irony' of Asking OPEC for Oil While Pushing Climate Change Policies President Joe Biden admitted Sunday that there was an "irony" in asking OPEC to increase oil production to lower fuel prices, while at the same time urging the world to produce and consume less oil to help mitigate climate change. In a press conference at the G20, prior to his departure for the COP26 climate conference in Glasgow, Biden had the following exchange with a Reuters reporter (via White House transcript): Q One follow-up on energy, sir. You also met with energy consumers about supply. What steps are you considering taking if OPEC Plus does not raise supply? And do you see any irony in pushing them to increase oil production at the same time that you're going to COP26 to urge people to lower emissions? [Click here for more]   IN OTHER STORIES... Bidenflation: Gas Pump Prices Hit 7 Year High As world leaders gather in Scotland for the United Nations climate conference, Americans are facing the highest prices for gasoline since 2014. The national average price of gas rose two cents over the past week to $3.402, according to the American Automobile Association. One month ago, the national average was $3.192. One year ago, it was... [Click here for more]   65% of Americans Say Economy Is Poor, Only 30% Expect Improvement More than two-thirds of Americans think the economy is in poor condition and nearly half think it will get worse over the next year, according to polling results released Monday. After holding steady but consistently negative throughout the spring and summer, the public's opinion of the U.S. economy suffered a dramatic downturn last month, a poll from the AP-NORC Center for Public Affairs showed. Earlier, 54 percent said the economy was poor and 45 percent said it was... [Click here for more]   Rapidly Rising Prices and Worsening Shortages Slowed Manufacturing in October Manufacturing activity in the U.S. slowed as all industries reported higher prices for materials and record long-lead times, indicating that the supply chain disruptions continued to hold back the economy and fuel inflation. The Institute for Supply Management said on Monday that its survey of manufacturers showed that manufacturers continued to face shortages and rising prices as the... [Click here for more]

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